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21 May

FMI Capital Advisors Announces Sale of Atlantic Constructors to TriplePoint MEP

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FMI Capital Advisors is pleased to announce the sale of Atlantic Constructors, Inc. (ACI) to TriplePoint MEP (TriplePoint), a portfolio company of Stellex Capital Management. FMI Capital Advisors served as the exclusive sell-side financial advisor for this transaction.

Based in Richmond, Virginia, ACI is a leading provider of heavy mechanical and industrial services, operating from five locations across Virginia and North Carolina. The company was founded by Art Hungerford, who began its predecessor entities in the 1980s. Today, ACI employs more than 1,200 professionals and delivers a broad range of capabilities, including HVAC, industrial services and heavy fabrication, supporting some of the most advanced mechanical projects in the region, including substantial data center work.

ACI boasts more than 300,000 square feet of dedicated fabrication space, allowing the delivery of large-scale, modular components in a controlled, off-site environment. This strategic acquisition will add significant reach and expertise to TriplePoint’s footprint.

“FMI brought unmatched industry expertise and thoughtful guidance throughout the process,” said Hungerford. “We are incredibly grateful for their support and strategic insight."

About FMI Capital Advisors:
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit www.fmicapitaladvisors.com.

FMI Capital Advisors Contact:
Alex Miller
Managing Director
[email protected]